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Euronews
Euronews
Quirino Mealha

Jack Dorsey's Block cuts roughly 50% of jobs as it embraces AI and shares jump

Jack Dorsey Block

In a move that has sent shockwaves through the fintech sector, Jack Dorsey, the co-founder and CEO of the fintech conglomerate Block, formerly known as Square, has unveiled the most aggressive corporate downsizing in the company’s history.

Block Inc. comprises several major fintech brands, namely the mobile payment service Cash App, which is widely used in the US.

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